A mortgage broker says increased activity in the Auckland property market is due to younger couples opting to buy a house, rather than pay high rents.
The Reserve Bank has said if there was a boom it could require changes to the minimum deposit people need to buy a house.
But mortgage broker Christine Lockie says even though more banks are lending up to 95% of the value of a property, they are more careful about who they lend to.
Ms Lockie says the first four months of this year was the busiest she has experienced in the past four years.